The first part just seems like S&W bitching about something that isn't that big of a deal.
But then Palco/Cybergun continued using the trademarks after S&W cancelled the contract, which is kind of a dick move.

It seems like an argument over semantics: Cybergun actually owns PALCO and do all of their North American distribution under that banner.

Either way, doesn't seem like it'll affect the consumers much, besides the disappearance of S&W -branded weapons (although I can hear the Chris Costa fanboys' hearts sink at the idea they may never get a fully trademarked S&W M&P.40 GBB now -- who knows what'll come of Marui's)